What is a stamp duty?

Answer

A stamp duty is a tax levied by the government on legal documents such as cheques, receipts, land transactions and marriage licences. The most common stamp duties include the stamp duty land tax levied on land and the stamp duty reserve tax or the stamp duty levied on stocks and shares. Normally, the stamp duty rates are fixed and payable upon completion of a purchase.
Q&A Related to "What is a stamp duty?"
Stamp duty is a tax that was placed on all sorts of documents. The documents has to bare a physical stamp or imprint to show the tax was paid for. These days a physical stamp is not
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1. Restrict your property search to £125,000 or less to avoid SDLT. Purchase a property of £125,000 or less. 2. Both parties must be first-time buyers to qualify for the
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0.50% K U Khan. Aligarh.
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Thats the stamp duty on your atm card. Its charged every January if you have an atm card (regardless of whether or not you use it). Its a government charge and not a bank charge.
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1 Additional Answer
This is a catch-all term for many number of different types of taxes that are levied on documents that transfer ownership of shares.
Explore this Topic
The threshold on stamp duty land tax varies depending on the property and value of the transaction. For residential transactions up to 125,000 GBP, the stamp duty ...
The amount charged as stamp duty depends on the purchase price of the property. For example, for property worth £125,001 to £250,000 the stamp duty ...
Stamp duty land tax, or SLDT, replaced stamp duty in the UK and took effect on Dec. 1, 2003. Land and building transactions in the UK require payment of SLDT. ...
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